RICK CARUSO SHARES HIS VISION OF LEADERSHIP FOR LOS ANGELES WITH TOWN HALL LA

Los Angeles, CA – Tuesday, April 12, 2011 – Rick Caruso, President and Chief Executive Officer of Caruso Affiliated will discuss “Los Angeles: A New Kind of Leadership” with TOWN HALL Los Angeles, Thursday, May 12, 2011, at the Millennium Biltmore Hotel. Caruso will share his insights on the city’s current fiscal, social and infrastructure challenges and offer his ideas on how to remedy them.

“Since 1980, Los Angeles has added one million people, but not one new job. In fact, it has lost 200,000 jobs since 1995,” said Caruso. “Businesses are making fundamental changes to respond to the economic crisis; why not the city? Now is the time for the city to hang a question mark on things it has long taken for granted and get itself back on track to the future it deserves.”

Caruso Affiliated plans to double in size within five years. “Our success has been the region’s success. Around our centers, new businesses open and more customers visit existing businesses generating more tax revenues for the city and county,” said Caruso.

The Grove, one of the company’s major retail sites, attracts 18 million visitors a year, with The Americana at Brand, attracting 16 million. Customers are reported to stay three times as long and spend twice as much as at a typical retail center, with 92 percent making a purchase.

Caruso’s civic involvement in Los Angeles includes having served as president of the LA Police Commission and the Department of Water & Power Board. He currently sits on the Coliseum Commission leading the recent charge to ban raves.

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All accredited members of the media are invited to cover this event. RSVPs required.
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